The value of Hong Kong’s total exports increased to $373.5 billion in June, up 10.7% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods increased 9% to $429.2 billion in the same period.

A trade deficit of $55.7 billion, or 13% of the value of imports, was recorded in June.

Comparing the second quarter of 2024 with the preceding quarter on a seasonally adjusted basis, the value of exports rose 1.9%, while that of imports fell 0.9%.

The Government said the value of merchandise exports posted further double-digit growth in June from a year earlier. Exports to the Mainland, the US and the European Union all grew notably, while those to many other major Asian markets also recorded growth.

Looking ahead, it added that Hong Kong’s export performance should stay positive if external demand holds up, though the escalating geopolitical and trade tensions will continue to bring uncertainties.